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Inside Mortgage Trends

April 20, 2007

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Most Big Bank Earnings Skirt Subprime Woes But Major Lenders See Weakening in Alt A

Problems in the subprime arena aren’t wreaking earnings havoc at the nation’s big banks and financial institutions, based on recent first-quarter results, but some major players are feeling a pinch and virtually all are taking steps to insulate... [Includes one graph] Read More

More Subprime Operations Closing or Up for Sale; Fremont, New Century Continue the Endgame

More subprime shops are closing or being sold, as Fremont and New Century move further into the liquidation process. Friday morning, H&R Block announced an agreement to sell Option One Mortgage Corp. to an affiliate of investment firm Cerberus Capital Management... Read More

Expert Advises Downsizing Mortgage Companies On Avoiding Costly Lawsuits by Former Employees

The collapse of the subprime mortgage market has caused drastic layoffs, which could trigger an onslaught of employee lawsuits, warned a mortgage employment expert. “Most frequently, these cases center around non-compliance and record-keeping issues,” said... Read More

Data Trends Paint Ominous Picture For Even Some Prime Mortgages

There’s plenty of new statistical evidence to justify anxiety about the mortgage market, based on a presentation by Thomas Showalter, vice president of product management for Loan Performance, at a symposium sponsored by his company this week in Washington, DC... Read More

Software Predicts Risk and Profitability For Multiple Mortgage Products, Accounts

Austin Logistics, a software company that usually works with financial and telecommunications companies, is launching a new product for mortgage lenders looking to reduce risk throughout the mortgage life cycle. The software, called ActionSelect for Risk and... Read More

Interactive Financial Offers Small Mortgage Shops Opportunity to Affiliate and Retain Brand Names

Interactive Financial Corp., a national mortgage banker and broker, has launched a public relations and marketing campaign to attract independent mortgage companies into its corporate fold. The company is built on a “model branch” structure, in which independent... Read More

Top Players Continued Building Servicing Business in 2006 Despite Lending Slowdown

A slowdown in mortgage origination volume in 2006 didn’t get in the way of servicing growth plans for those companies that chose to pursue them, according to a new analysis by Inside Mortgage Profitability. A group of 30 top lender-servicers... [Includes one chart] Read More

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